TMTPost's Physical AI Vision takes stock of the embodied intelligence sector's shift from the funding frenzy in the first half of the year to the cooling in the second half: 19 funding deals worth 4.934 billion yuan between October 1 and 15, far below the peak monthly figure of 33.98 billion yuan. The article notes that Unitree Robotics' share price fell by more than 63% at its largest drop after listing, that Yinghe Robotics' full-year 2025 revenue was only 4.33 million yuan while its peak valuation exceeded 500 million US dollars, and mentions that more than 50 embodied intelligence companies are queuing for listing on the Hong Kong Stock Exchange, with some having suspended or terminated their listing plans.
TMTPost's Physical AI Vision takes stock of the embodied intelligence sector's shift from the funding frenzy in the first half of the year to the cooling in the second half: 19 funding deals worth 4.934 billion yuan between October 1 and 15, far below the peak monthly figure of 33.98 billion yuan. The article notes that Unitree Robotics' share price fell by more than 63% at its largest drop after listing, that Yinghe Robotics' full-year 2025 revenue was only 4.33 million yuan while its peak valu
Financing in the embodied intelligence industry cooled significantly after September. In the first half of October, there were only 19 financing deals totaling 4.934 billion yuan, far below August's 91 deals and 31.323 billion yuan. Nanjing Wujing Power has suspended work and owes wages, Yinghe Robotics convened a creditors' meeting, and Shenlan Robotics has been accepted for bankruptcy liquidation; multiple companies have entered bankruptcy or contraction procedures. Unitree's prospectus shows that among its humanoid robot revenue, scientific research and education account for 73.6%, while revenue used in scenarios such as intelligent manufacturing accounts for only 2.64%, and end-user demand has still not reached scale.
Financing in the embodied intelligence industry cooled significantly after September. In the first half of October, there were only 19 financing deals totaling 4.934 billion yuan, far below August's 91 deals and 31.323 billion yuan. Nanjing Wujing Power has suspended work and owes wages, Yinghe Robotics convened a creditors' meeting, and Shenlan Robotics has been accepted for bankruptcy liquidation; multiple companies have entered bankruptcy or contraction procedures. Unitree's prospectus shows
TMTPost's Digital Intelligence Frontier reviewed the impact on the embodied intelligence industry in the roughly 50 days since OpenAI released GPT-6 Astra: Astra can directly control a robotic arm to complete tasks such as drawing a bridge without training on specialized robot data, and Nvidia's Jim Fan said it pushed the benchmark of his company's robotics framework to about 99%. However, an evaluation by SenseTime together with multiple institutions concluded that while it already has the ability to complete embodied tasks, there is still a clear gap before practical use: a single inference takes an average of 18.56 seconds, and the task of putting a pen into a pen holder took more than 4 hours and cost 55 US dollars. Three usage patterns have emerged in the industry: directly serving as a policy model, reviewing and correcting VLA actions, and building simulation environments and data annotation; Unitree's Wang Xingxing said that next year GPT-7 may directly break through the embodied intelligence problem.
TMTPost's Digital Intelligence Frontier reviewed the impact on the embodied intelligence industry in the roughly 50 days since OpenAI released GPT-6 Astra: Astra can directly control a robotic arm to complete tasks such as drawing a bridge without training on specialized robot data, and Nvidia's Jim Fan said it pushed the benchmark of his company's robotics framework to about 99%. However, an evaluation by SenseTime together with multiple institutions concluded that while it already has the abil
ChinaVenture has reviewed recent embodied intelligence financing cases: Kunlun Xing Robotics completed three funding rounds in less than 90 days of its founding, with its valuation exceeding one billion US dollars, and the founders of new teams such as Feimo Yi Technology and Moqi Intelligence also mostly come from autonomous driving systems such as Huawei, Li Auto, and Horizon Robotics. The article points out that capital's focus has shifted from the general humanoid robot narrative to vertical scenarios, self-sustaining mass production, and data flywheels; meanwhile, investment cooled in the second half of the year, and investors are screening teams' mass production experience and capital structure more strictly.
ChinaVenture has reviewed recent embodied intelligence financing cases: Kunlun Xing Robotics completed three funding rounds in less than 90 days of its founding, with its valuation exceeding one billion US dollars, and the founders of new teams such as Feimo Yi Technology and Moqi Intelligence also mostly come from autonomous driving systems such as Huawei, Li Auto, and Horizon Robotics. The article points out that capital's focus has shifted from the general humanoid robot narrative to vertical
The Paper reports that as of the end of June 2026, China had put more than 70 embodied intelligence training grounds into operation, with another 46 in the planning or construction stage. The first humanoid robot data training center in Beijing's Shougang Park had been running for less than 18 months when the original operator withdrew its own equipment and robots; the project side said the original teleoperation approach deviated from the new direction, and that data quality and precision fell short of expectations. The article notes that data collection centers are shifting from competing on production capacity to focusing on data sales rates, repurchase rates, and the capability improvements that data brings to models.
The Paper reports that as of the end of June 2026, China had put more than 70 embodied intelligence training grounds into operation, with another 46 in the planning or construction stage. The first humanoid robot data training center in Beijing's Shougang Park had been running for less than 18 months when the original operator withdrew its own equipment and robots; the project side said the original teleoperation approach deviated from the new direction, and that data quality and precision fell